Analytical Instrumentation Market: Current Analysis and Forecast (2022-2028)

The global analytical instrumentation market is expected to grow at a significant rate of around 7% during the forecast period. Analytical Instrumentation is the study of the separation, identification, and quantification of chemical components of natural and artificial materials. The strict government regulations over environmental safety and increasing efforts to control pollution as analytical instruments helps in the chemical analysis of pollutants are among the important factors that drive the market growth of analytical instruments. Additionally, market of analytical instrumentation also propelled by the rising demand from chemical industries in the purification and extraction of chemical compound from mixture.

Agilent Technologies Inc., Bruker, Perkin Elmer Inc, ThermoFisher Scientific, Shimadzu Corporation, Malvern Panalytical Ltd, Mettler Toledo, Waters Corporation, Bio-Rad Laboratories Inc., and Danaher are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst Product Type, Molecular Analysis Spectroscopy category to witness higher CAGR during the forecast period"

Based on the product type, the market has been categorized into chromatography, molecular analysis spectroscopy, elemental analysis spectroscopy, mass spectroscopy, analytical microscopes, and others. Among them, the molecular analysis spectroscopy segment is expected to grow at a considerable rate in the market. Molecular spectroscopy allows the qualitative detection of organic compounds or surrounding functional groups. Due to the ability to perform detailed chemical analyses, the adoption of molecular spectroscopy is increasing at a significant rate.

"Amongst Applications, life sciences segment to hold a higher CAGR during the forecast period"

Based on the application, the market has been categorized into life sciences, chemical and petrochemical, material sciences, food testing, oil and gas, water and wastewater, and others. Among them, the life science segment holds considerable growth in the market, and it is expected to grow at a significant CAGR during the forecast period. The rising adoption of biosimilar drugs, increasing patient expiration, and frequent product launches & approvals of biopharmaceutical drugs attributes to the growth of life science segment. For instance, in September 2022, FDA approved Vegzelma, it is an anti-cancer biosimilar drug which is used to treat colon, breast, and lung cancer.

"Asia Pacific to witness the fastest growth in the market"

For a better understanding of the market adoption of the analytical instrumentation industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as rapid industrialization and rising pharmaceutical production in the region are the important reasons for the growth of the market in the region. For instance, as per the National Investment Promotion & Facilitation Agency, the pharmaceutical industry in India is expected to reach $65 bn by 2024 and $120 bn by 2030.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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